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remember, steve jobs came back from a vacation for the iphone 4 antenna gate issue. >> 4, right. >> the 4. they went through other issues that smartphones had, wasn't really a problem. some people had problems. it went away very quickly. this is the most valuable company on the face of the planet. there is a lot of media coverage around it, and there is a lot of good press that goes out there when things go negative or positive on apple. it is very bipolar. i notice when things go negative, then people start questioning and stock goes down and they question the fundamentals and the fundamentals here are very, very strong. things aren't perfect. supply chain is not perfect. the ipad had issues on the displays. they were quickly reconciled and they went on to be home runs. this will be no different. >> brian, thanks for checking in with us. >> thanks. >> brian white. coming up, the biggest calls on the street and machines gone wild, the mysterious algorithm accounting for 4% of trading activity last week alone. new details on this developing story, and netflix soaring over the past two we
remember, steve jobs came back from a vacation for the iphone 4 antenna gate issue. >> 4, right. >> the 4. they went through other issues that smartphones had, wasn't really a problem. some people had problems. it went away very quickly. this is the most valuable company on the face of the planet. there is a lot of media coverage around it, and there is a lot of good press that goes out there when things go negative or positive on apple. it is very bipolar. i notice when things go...
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now it is from netflix a steve miller market. some people call me maurice, but this downgrade by bank of america -- >> i was doing the sound effects for maurice. >> i like that curious chainsaw you were doing. >> whatever i can do here. >> my wingman. >> your solid gold dancer. let's move on here to talk europe. german chancellor angela merkle visiting greece today for the first time since the european crisis began. she's meeting with greek prime minister this morning as protesters blame merkle for forcing painful cuts on greece in exchange for bailouts. meantime the imf is cutting the global forecast to 3.3% down from 3.5% and urging u.s. and european policymakers to deal with their fiscal issues or face a prolonged downturn. the imf is forecasting a contraction that underscores what we do already know and should be expecting out of the region. >> we are taking back one of the two rate hikes they had. there's not a single policy going on here. look what ireland was doing cramming down their banks. but if you can see, david, is t
now it is from netflix a steve miller market. some people call me maurice, but this downgrade by bank of america -- >> i was doing the sound effects for maurice. >> i like that curious chainsaw you were doing. >> whatever i can do here. >> my wingman. >> your solid gold dancer. let's move on here to talk europe. german chancellor angela merkle visiting greece today for the first time since the european crisis began. she's meeting with greek prime minister this...
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when you think about apple post steve jobs and we saw what happened to apple post steve jobs in the '80s, can it keep up? >> absolutely. i think that he's put together a great team, leadership is very important within apple and steve took as much pride in leadership of apple as he did the product itself and he's crafted i think a great team to follow him. he can't be replaced. >> after he left in the '80s and you were there, apple faltered. it's easy to say. >> apple faltered because he had the wrong ceo and a guy who didn't understand the tech business but under current of apple when steve came back the reason they accelerated so successfully is in place was a great culture and great group of people who were still there. apple was in place, unfortunately they didn't have a right product division. >> do you have views on hewlett-packard? >> absolutely. greatest success of apple and part of my book is called the product vision. and hewlett-packard has totally lost its product vision. here they had the greatest printer in the world, they had the printer market, they don't do that anymor
when you think about apple post steve jobs and we saw what happened to apple post steve jobs in the '80s, can it keep up? >> absolutely. i think that he's put together a great team, leadership is very important within apple and steve took as much pride in leadership of apple as he did the product itself and he's crafted i think a great team to follow him. he can't be replaced. >> after he left in the '80s and you were there, apple faltered. it's easy to say. >> apple faltered...
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was steve jobs right when he said a tablet that size would be too small? >> the editor in chief of mashable. we've got a debate mehere, guys. rocco, it sounds like you think although it would be following amazon, it would be easy for apple to come in with a superior product, is that where you're coming from? >> definitely. i think apple is the kind of company that they can come in and kill a category. and i think that's what they want to do here. and i'm happy to see them doing it with what is rumored to be a $350 tablet and not a $199, you know, let's try to undercut amazon or google products. so if they come in with something premium that keeps that apple brand and the status of that apple brand, at that price point, i think they'll blow the category out. and i don't think it would be something that would hurt the image or hurt the brand too much. it's not a cheap knockoff. it's going to be something of apple quality. and -- >> with that in mind, if that's what they're doing, i'm onboard. >> something that elevates the category, lance, why do you disagre
was steve jobs right when he said a tablet that size would be too small? >> the editor in chief of mashable. we've got a debate mehere, guys. rocco, it sounds like you think although it would be following amazon, it would be easy for apple to come in with a superior product, is that where you're coming from? >> definitely. i think apple is the kind of company that they can come in and kill a category. and i think that's what they want to do here. and i'm happy to see them doing it...
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. >> steve liesman is here. we were going to talk about the markets and we have rick santelli in chicago, both of them as well but steve, since you were talking during the break with ken langone. >> let steve talk to rick. >> hey, rick, how are you? >> good morning. >> so we talked. is that good? >> no. >> no, i just want to say, ken, if i look, guys could you put up the chart of the payrolls? if i look at the payroll chart and i talk about what i think is the number you guys actually believe, which is the 114,000. look at what happened, we've revised up the past couple months, we had that swoon in march, april, may and june, okay, the unemployment rate stayed about the same. look to the left, we had a couple months above 200,000. let's focus on the number you believe. and let's talk about what jack welch said. when i looked at what he said there was one number i think jack had wrong. jack was saying we need 150,000 to 200,000 jobs to lower the unemployment rate. that is, was old thinking. we've changed that num
. >> steve liesman is here. we were going to talk about the markets and we have rick santelli in chicago, both of them as well but steve, since you were talking during the break with ken langone. >> let steve talk to rick. >> hey, rick, how are you? >> good morning. >> so we talked. is that good? >> no. >> no, i just want to say, ken, if i look, guys could you put up the chart of the payrolls? if i look at the payroll chart and i talk about what i think...
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microsoft ceo steve ballmer has signalled a new direction. he's pointing to hardware and online services as its future, taking a page from longtime rival apple. he suggests microsoft may eventually build its new phones. >> that's a big shift. >> it's a huge shift for them to get into real hardware. they did make one of the -- i don't know if it was the surface or -- one of the prototypes for their tablet is manufactured by them. and it may be ultimately that you need to actually do the software. >> the software gets stolen by china and all these other places. they don't pay for it. so i guess you eventually want to shift to where -- >> i think that's part of it. but i think part of sit the seamless nature of what you're seeing by apple, and on some level by google, now that google owns motorola. i don't know if you saw this as well on ballmer. his income was published and he took a slight pay cut. he went from -- >> he's worth a billion dollars. >> but he was paid $1.4 million last year, or two years ago and went down to $1.3. >> that's a job
microsoft ceo steve ballmer has signalled a new direction. he's pointing to hardware and online services as its future, taking a page from longtime rival apple. he suggests microsoft may eventually build its new phones. >> that's a big shift. >> it's a huge shift for them to get into real hardware. they did make one of the -- i don't know if it was the surface or -- one of the prototypes for their tablet is manufactured by them. and it may be ultimately that you need to actually do...
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he's up there with steve jobs in the category of being a brilliant businessman. but what about todd's suggestion that the strategy only works if you don't have any competition out there. >> now, i disagree with that point. i think that the content offering amazon has vastly improved since when they first launched the kindle fire. the ability to lock in customers and really the prime customers is who i'm talking about, the customers who are more apt to be subscribers to the business on a regular basis. that's a great way to monetize your business. with that group growing anywhere between 20 and 30% annually, i think that's a smart move. that's going to lock in their customer base and make them less likely to switch out to other businesses. >> let's talk about amazon and best buy. best buy now says they're going to match everything on amazon. is that a threat to amazon? >> walmart is doing it too. >> i think that is about amazon and walmart, not amazon and best buy. >> i agree. i don't think it's that big of an issue. holiday shoppers like to shop online. if you ha
he's up there with steve jobs in the category of being a brilliant businessman. but what about todd's suggestion that the strategy only works if you don't have any competition out there. >> now, i disagree with that point. i think that the content offering amazon has vastly improved since when they first launched the kindle fire. the ability to lock in customers and really the prime customers is who i'm talking about, the customers who are more apt to be subscribers to the business on a...
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i look forward to hearing from steve. as we heard from jane wells california drivers are fuming after a spike in gas prices last week sent prices up past $5 a gallon. the governor now has called for the immediate release of a cheaper but less environmental friendly blend of gas to help bring prices down. david hackett is an energy consultant in irvine, california. he joins us from there. good to see you, david. good morning. is this the solution? >> this is a great step. going to the winter blend will allow the refiners reduce 10% of gasoline. that's like adding another refinery to the market. >> how much is this the structure of refining in that state. why is this happening? >> well, the evidence points towards refining problems. a fire at the chevron richmond refinery in august. power bumped knocked exxonmobil off line last monday. two of the big reasons. and then, of course, this is a difficult market to resupply from long distance. we're sort of an island. when there's a sudden supply short fall it's tough to get addi
i look forward to hearing from steve. as we heard from jane wells california drivers are fuming after a spike in gas prices last week sent prices up past $5 a gallon. the governor now has called for the immediate release of a cheaper but less environmental friendly blend of gas to help bring prices down. david hackett is an energy consultant in irvine, california. he joins us from there. good to see you, david. good morning. is this the solution? >> this is a great step. going to the...